9. The following standard costs per unit have been established by Baldwin Company: Material (6 pounds @ $.50 per pound) $ 3.00 Direct labor (1 hour @ $8 per hour) 8.00 Factory overhead (1 hour @ $5.50 per hour) 5._50 Total Standard Cost per Unit 5;; The $5.50 per direct labor hour overhead rate is based on normal capacity of 95 percent of practical capacity. The following exible budget information is provided: Operating Levels 85% 95% 100% Units of production 4,250 4,750 5,000 Standard direct labor hours 4,250 4,750 5,000 Variable factor overhead $8,500 $9,500 $10,000 Fixed factory overhead $16,625 $16,625 $16,625 During March the company operated at 85% capacity, producing 4,250 units of product which were charged with the following standard costs: Material (25,500 pounds @ $.50 per pound) $12,750 Direct labor (4,250 hours @ $8 per hour) 34,000 Factory overhead (4,250 hours @ $5.50 per hour) 23,975 Total Standard Cost M Actual costs incurred during March were: Material (26,100 pounds) $11,745 Direct labor (4,150 hours) 34,445 Fixed factory overhead costs 16,625 Variable factory overhead costs _._L7 0 Total Actual Costs $9,466 Assume all the direct material purchased was used during the period. Use the table on the following page to support your answers if you find it useful, or show your work in another clearly labeled format. Determine the following variances: Production Price Efficiency Activity Volume direct material direct labor variable overhead fixed overhead Make sure you record a number in each blank space. Indicate "favorable" or "unfavorable" for each variance. Actual Standard Flexible Master Overhead Activity Input Budget Budget Applied Dirgg; Material Dirgg; Labor Eiblj Overhead M Overhead